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11-06-14 US Housing Crisis – Worse than Great Depression! // Peor que la Gran Depresión // 更糟糕的是比大萧条

June 19, 2011


Corruption of the US courts has reached levels not seen for a century and is one of the fundamental causes of the current financial crisis. Unless reform of the US courts is initiated, civil society and socio-economic conditions in the US are unlikely to be restored, leaving other nations as unwitting collateral.


[1] 11-06-14 Corruption of the Courts and Failing Banking Regulation in the United States: Dred Scott redux?

US Housing Crisis Is Now Worse Than Great Depression

Foreclosure Sign
Published: Tuesday, 14 Jun 2011 | 12:04 PM ET
By: Jeff Cox Staff Writer

It’s official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.

Prices have fallen some 33 percent since the market began its collapse, greater than the 31 percent fall that began in the late 1920s and culminated in the early 1930s, according to Case-Shiller data.

The news comes as the Federal Reserve considers whether the economy has regained enough strength to stand on its own and as unemployment remains at a still-elevated 9.1 percent, throwing into question whether the recovery is real.



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